banknifty weekly technical outlook for 16 to 20 nov 2015

bank nifty this week closed at 16995 with loss.
this was second weekly loss for index.

bank Nifty index on weekly chart, in fresh
bearish move and might test 16500-16100 zone.

banknifty weekly support will be 16700 and 16450.
banknifty weekly resistance will be 17100 and 17450.


banknifty future weekly trading call will be
hold shorts with trailing stop loss for targets
16700 and then 16450 in next week.

banknifty option weekly trading call will be
hold banknifty 17500 put options with trailing stop loss
for big gains in next week.

medium to long term investors can follow buy and accumulate
view for top bank stocks as well as undervalued bank stocks.